Loan officer sues bank for overtime wages
SHERMAN - A former loan officer has filed a lawsuit against an East Texas bank for violating federal labor regulations by not paying its loan officers overtime wages.
Claiming violations of the Fair Labor Standards Act, Dennis Rock, on behalf of himself and all others similarly situated, filed suit against Great Western Financial Services Inc., Fred E. McDonald III and Fred E. McDonald IV on Nov. 23 in the Eastern District of Texas, Sherman Division.
Rock was employed as a loan officer for the defendants from approximately April 2010 to approximately December 2010. According to the lawsuit, he and the class members routinely worked in excess of 40 hours per week. They were paid on a commission-only basis and were not paid overtime pay for the hours worked in excess of 40 per week.
"Defendants knowingly, willfully, or with reckless disregard carried out its illegal pattern or practice of failing to pay overtime compensation with respect to Plaintiff and the Class Members," the lawsuit states.
The plaintiff is seeking damages for unpaid back wages, liquidated damages, court costs, attorney's fees and interest.
Rock is represented by J. Derek Braziel and Meredith Mathews of Lee & Braziel in Dallas.
Case No. 4:11-cv-00775